“The essential feature of a capitalist world-economy… is production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.”

—  Immanuel Wallerstein

Wallerstein (1979) The Capitalist World-Economy. p. 15.

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Immanuel Wallerstein photo
Immanuel Wallerstein 6
economic historian 1930–2019

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